Nvidia struck a non-exclusive deal with Groq worth $20 billion, marking Nvidia’s largest-ever deal

Nvidia’s Groq deal underscores how the AI chip giant uses its massive balance sheet to ‘maintain dominance’. Nvidia this week said it struck a non-exclusive deal with Groq to license its technology and hired the startup’s founder and CEO Jonathan Ross, its president, and other employees. CNBC reported the agreement to be worth $20 billion, marking Nvidia’s largest-ever deal. (The company declined a request for comment on the figure.